Revenue for the three months ended Sept. 28 was $12.34 billion, up slightly from $12.25 billion a year ago, missing the Street’s view of $12.41 billion.

Global volumes grew 4% during the quarter, up across every geographic operating group including 2% in North America and 5% in international markets.

“We realized growth in the quarter across all five of our global geographic operating groups, despite continued volatility in the worldwide economy,” Coca-Cola CEO Muhtar Kent said in a statement. “We have been able to crack the calculus for growth in this environment.”

Emerging markets were a bright spot for Coke this quarter, with volumes growing 7% in fast-growing developing countries such as Thailand and India, which posted 19% and 15% growth, respectively.